The 3 MA’s Forex signals indicator for MT4 generates powerful colored buy and sell arrows based on the crossover of 3 moving averages.
The basic rules of a 3 moving average crossover system is simple to understand and goes as follows:
- A 3 MA’s buy signal arrow appears on the trading chart when the fast moving average is positioned above the medium and slow moving average AND the medium moving average is positioned above the slow moving average.
- A 3 MA’s sell signal arrow appears on the trading chart when the fast moving average is positioned below the medium and slow moving average AND the medium moving average is positioned below the slow moving average.
The 3 MA’s Forex indicator uses the following default values:
- Fast moving average: period 5
- Medium moving average: period 20
- Slower moving average: period: 34
Feel free to experiment with the different MA period values to optimize trading performance.
Works for scalping (M1, M5), day trading (M5, M15, M30) and swing trading (H1, H4, D1).
Download This MT4 Forex Indicator Free
Download the “3-ma-buy-sell.ex4” Metatrader 4 indicator
3 MA’s Forex Signals Indicator Chart
Here’s an example of how the 3 MA’s Forex Signals indicator should look like when loaded onto the Metatrader 4 chart.
You can apply the indicator to any currency pair and time frame of your preference.
Finding Buy and Sell Triggers With 3 MA’s Forex Signals Technical Analysis Chart Indicator
Below is an example of how to buy and sell currency pairs with this Forex indicator:
Buy Trigger: Go long when the 3 MA’s Forex indicator draws a green arrow on the chart. This is a buy signal.
A stop loss can be placed below short-term support, or use your own stop loss strategy.
Exit the 3 MA’s buy trade when an opposite red arrow appears on the MT4 chart (close and reverse position), or exit the 3 MA’s buy trade at a fixed profit target of your preference.
Sell Trigger: Go short when the 3 MA’s Forex indicator draws a red arrow on the chart. This is a sell signal.
A stop loss can be placed above short-term resistance, or use your own stop loss strategy.
Exit the 3 MA’s sell trade when an opposite green arrow appears on the MT4 chart (close and reverse position), or exit the 3 MA’s sell trade at a fixed profit target of your preference.
Download This Forex Indicator Now
Download the “3-ma-buy-sell.ex4” MT4 indicator
Adjustable Parameters
Faster MA, medium MA, slower MA, shift, sound alerts, colors, width, style.
Usage
The indicator can be used as a stand-alone signals indicator.
It can also be combined with:
- Trading oscillators (MACD, Stochastic, RSI,…)
- Price action methods and techniques
More Info About This Indicator
Tradable Currency pairs: Any
Trading Platform: MT4
Time frames: M1, M5, M15, M30, H1, H4, D1, W1
Indicator Type: trend
Installation
Copy and paste the indicator in the MT4 indicators data folder.
Then restart the MT4 terminal and attach it to any chart.
